SUTTONS TANKERS LIMITED
Company Information
- Company Number
- 02316301
- Employee Count
- 971
- Turnover
- £122,203,000
- EBITDA
- £13,456,000
Additional Details
- Website
- https://suttonsgroup.com
- Industries
- Coming Soon
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for SUTTONS TANKERS LIMITED to pay invoices has increased from 42 days in May 2017 to 60 days in April 2023. This represents an overall increase of 43%, with the biggest increase occurring between November 2019 and April 2023 where the average time taken to pay invoices increased by 57%.
Volatility Analysis
The volatility of the time taken to pay invoices for SUTTONS TANKERS LIMITED has fluctuated over the past three periods. From May 2017 to April 2019, the average time to pay remained relatively stable, with a slight increase in November 2018. However, from May 2019 to April 2023, there were significant fluctuations in the average time to pay, with the biggest increase occurring between November 2019 and April 2023.
Summary Analysis
From May 2017 to April 2023, SUTTONS TANKERS LIMITED has shown an overall increase in the average time taken to pay invoices, with the biggest increase occurring between November 2019 and April 2023. This period also saw the highest percentage of invoices paid later than 60 days, at 58%. The company has consistently paid the majority of invoices within 30 days, with the highest percentage being 40% in April 2023. The shortest (or only) standard payment period for SUTTONS TANKERS LIMITED has remained at 7 days throughout the entire timeframe.
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Nov 2022 - 30 Apr 2023 | 01 Aug 2023 | 60 | 24% | 50% | 26% | 31% |
| 01 May 2022 - 31 Oct 2022 | 07 Feb 2023 | 77 | 10% | 42% | 48% | 85% |
| 01 Nov 2021 - 30 Apr 2022 | 07 Feb 2023 | 62 | 9% | 43% | 48% | 94% |
| 01 Nov 2020 - 30 Apr 2021 | 19 Apr 2022 | 54 | 17% | 43% | 40% | 82% |
| 01 May 2020 - 31 Oct 2020 | 08 Mar 2021 | 55 | 17% | 44% | 39% | 79% |
| 01 Nov 2019 - 30 Apr 2020 | 12 Jun 2020 | 59 | 15% | 27% | 58% | 79% |
| 01 May 2019 - 31 Oct 2019 | 06 Jan 2020 | 43 | 20% | 67% | 13% | 83% |
| 01 Nov 2018 - 30 Apr 2019 | 09 Jul 2019 | 38 | 40% | 48% | 12% | 90% |
| 01 May 2018 - 31 Oct 2018 | 03 Jan 2019 | 43 | 19% | 69% | 12% | 91% |
| 01 Nov 2017 - 30 Apr 2018 | 18 Sept 2018 | 45 | 12% | 74% | 14% | 89% |
| 01 May 2017 - 31 Oct 2017 | 29 Nov 2017 | 42 | 23% | 64% | 13% | 87% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are between 0 and 75, all of out suppliers are paid buy BACS or DD. The BACS run is ran once per week.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
75
Dispute Resolution Process
Invoices which go into dispute are resolved by the AP team usually withing 14 days of dispute.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
Suttons Tankers Limited is a leading bulk liquid logistics company based in the United Kingdom. The company specializes in the transportation of chemicals, gases, fuels, and food products across the globe.
Sustainability is at the core of Suttons Tankers Limited's operations. The company has a robust sustainability program in place, which focuses on reducing carbon emissions, promoting safe and responsible handling of products, and minimizing its environmental impact. They have also implemented various initiatives to reduce waste and increase recycling.
The company offers a wide range of services to meet the diverse needs of its customers. These include road tanker transport, intermodal solutions, tank cleaning, and storage facilities. Suttons Tankers Limited also provides specialist services such as ADR, food-grade, and high-pressure transport.
The key people at Suttons Tankers Limited include the Managing Director, Andrew Palmer, and the Operations Director, Michael Cundy. Both have extensive experience in the logistics industry and are committed to ensuring the company's success.
To learn more about Suttons Tankers Limited and its services, customers can visit their website at www.suttonstankers.co.uk. The company's registered office address is located at Mansion House, Sackville Street, Manchester, M60 9XD, United Kingdom.
